Competitiveness of integrated plants strengthens

Competitiveness of integrated plants strengthens

With the development of integration of industry chain in recent years, the leading companies have mostly achieved integration from upstream to downstream sectors. As of end-2021, about 76% of PX capacity have downstream PTA and polyester plants, 87% PTA capacity have polyester plants and 65% polyester capacity have downstream integration in China. It augments the competitiveness of the companies by reducing the production cost, but also weakens the flexibility of the companies